ALLO vs CRBU: Correlation
How closely do Allogene Therapeutics, Inc. (ALLO) and Caribou Biosciences, Inc. (CRBU) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and CRBU?
On 3 years of weekly data the ALLO/CRBU correlation comes out at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.54 over 3 years. The 5-year figure is 0.46, and annualized covariance runs at 3631.9 %².
Within ALLO's tracked universe of 21 assets, CRBU comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALLO outperformed by 96.4 percentage points (+80.2% for ALLO against -16.2% for CRBU).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALLO vs CRBU: side by side
| ALLO (Allogene Therapeutics, Inc.) | CRBU (Caribou Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | -16.2% |
| 5-year return | -91.3% | -93.2% |
| Volatility (ann.) | 83.3% | 80.5% |
| Beta vs S&P 500 | 1.96 | 2.52 |
| Max drawdown (3Y) | -83.1% | -91.1% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | CRBU |
|---|---|---|
| 2022 | -57.8% | -58.4% |
| 2023 | -49.0% | -8.8% |
| 2024 | -33.6% | -72.3% |
| 2025 | -35.7% | +0.0% |
| 2026 | +52.6% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and CRBU good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALLO and CRBU?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.31 over the last year and 0.46 over 5 years.
Is CRBU a good diversifier for ALLO?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/allo-vs-crbu.json
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Related comparisons
Hubs: ALLO correlations · CRBU correlations
